Northern Oil and Gas Inc’s recent filing unveils that its CFO Allen Chad W unloaded Company’s shares for reported $20100.0 on Nov 06 ’24. In the deal valued at $40.20 per share,500 shares were sold. As a result of this transaction, Allen Chad W now holds 82,792 shares worth roughly $3.4 million.
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Then, Dirlam Adam A. sold 1,672 shares, generating $67,214 in total proceeds. Upon selling the shares at $40.20, the President now owns 106,204 shares.
Before that, Dirlam Adam A. sold 244 shares. Northern Oil and Gas Inc shares valued at $9,809 were divested by the President at a price of $40.20 per share. As a result of the transaction, Dirlam Adam A. now holds 16,547 shares, worth roughly $0.68 million.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Morgan Stanley began covering NOG with “an Equal-weight” recommendation on January 05, 2024. BofA Securities revised its rating on January 05, 2024. It rated NOG as “an Underperform” which previously was an “a Buy”.
Price Performance Review of NOG
On Tuesday, Northern Oil and Gas Inc [NYSE:NOG] saw its stock fall -0.41% to $41.08. Over the last five days, the stock has gained 0.98%. Northern Oil and Gas Inc shares have risen nearly 10.82% since the year began. Nevertheless, the stocks have risen 10.19% over the past one year. While a 52-week high of $43.80 was reached on 07/31/24, a 52-week low of $31.13 was recorded on 02/05/24. SMA at 50 days reached $37.79, while 200 days put it at $38.43.
Levels Of Support And Resistance For NOG Stock
The 24-hour chart illustrates a support level at 40.68, which if violated will result in even more drops to 40.28. On the upside, there is a resistance level at 41.38. A further resistance level may holdings at 41.69. The Relative Strength Index (RSI) on the 14-day chart is 63.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.80%. Stochastics %K at 87.93% indicates the stock is a selling.
How much short interest is there in Northern Oil and Gas Inc?
A steep rise in short interest was recorded in Northern Oil and Gas Inc stocks on 2024-10-31, dropping by -0.96 million shares to a total of 15.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.56 million shares. There was a decline of -6.12%, which implies that there is a negative sentiment for the stock.
